Insurance is Always a Scam – Beware – They Pay NO CLAIMS in time of war

Loyds refuse to pay for NordStream R

Loyds Nord Stream v (1) LIC and (2) Arch – CL-2024-000094 – Defence

Switzerland-based Nord Stream AG filed a lawsuit against the insurers for refusing to compensate the company. Nord Stream estimated the cost incurred by the attack to be between €1.2 billion and €1.35 billion and is seeking to recoup over €400 million in damages. The insurers, Lloyd’s Insurance Company and Arch Insurance Company responded that since the Nord Stream explosions were “more likely than not to have been inflicted by… a government,” they have no responsibility to pay for damages to the pipelines.

British insurers took the position that they have no obligation to honor their coverage of the Nord Stream pipelines because they were blown up in September 2022, because they were destroyed as an unprecedented act of sabotage, most likely carried out by a national government. They have contradicted reports of the Washington Post and others claiming that a private Ukrainian team was responsible for the massive act of industrial sabotage.

In their legal brief, you can download above, filed by Lloyd’s and Arch Insurance Companies, they state that the “defendants will rely on, inter alia, the fact that the explosion Damage could only have (or, at least, was more likely than not to have) been inflicted by or under the order of a government.”

Consequently,  they argue, “the Explosion Damage was “directly or indirectly occasioned by, happening through, or in consequence of” the conflict between Russia and Ukraine and therefore falls under an exclusion relating to military conflicts. This is important because regardless of your insurance, going into war means they will never pay any claims. Personally, I have NEVER had any insurance company EVER pay what I was covered for. When I die, I am sure they will claim that he is a clone and he is hiding somewhere.

A tree once fell on my brand-new car in a storm. It was then sent to Bordentown Autobody to be repaired. They burned down with my car in it. Allstate Insurance screwed me because I paid cash for the car, and as soon as they knew no bank was involved, they claimed there were two deductibles and subtracted about 25%, knowing that would be my legal fees to make it UNREALISTIC to sue them. Insurance is ALWAYS a scam.


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